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Nov 29, 2012
11/12
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the fiscal cliff. done right this will not only save money but countless lives as well. the speaker pro tempore: the chair recognizes the gentlewoman from new york, ms. hayworth, for five minutes. ms. hayworth: thank you, mr. speaker. mr. speaker, all work in congress during these final weeks of 2012 is focused on the fiscal cliff. we're worried and rightly so about what it means to our economy, to our future, to the daily lives right now of hardworking americans who are in all too many cases already struggling to make ends meet. like the mother in carmel, new york, who told me their kids are going to have to limit their sports activities because she's finding trouble to find gas money to fill her tank a week. i helped her mom who is doing all she can just to get by. she cares for her family. she has a job, and she's a taxpayer. she's in the middle class, and she's being squeezed from all sides. and she knows that even though she has to set and keep a budget, the federal government hasn't been able to
the fiscal cliff. done right this will not only save money but countless lives as well. the speaker pro tempore: the chair recognizes the gentlewoman from new york, ms. hayworth, for five minutes. ms. hayworth: thank you, mr. speaker. mr. speaker, all work in congress during these final weeks of 2012 is focused on the fiscal cliff. we're worried and rightly so about what it means to our economy, to our future, to the daily lives right now of hardworking americans who are in all too many cases...
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Dec 3, 2012
12/12
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house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with
house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal...
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Dec 5, 2012
12/12
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to the fiscal cliff has been found. i thank the gentleman and yield back. mr. hoyer: i thank the gentleman for his comments. i thank him for the early notice on next friday. mr. speaker, the house is still not in order. the speaker pro tempore: the house will come to order. mr. hoyer: i thank the speaker. first, mr. leader, if i could, we have the ending next thursday, so -- i want to clarify pour members so that they know. we will not be in session next friday. is that accurate? mr. cantor: mr. speaker, i'd say to the gentleman, that is correct. mr. hoyer: thank you for that information. i also want to congratulate the gentleman for providing for the week of the 17th. i know none of us want to do that but i appreciate the majority's focus on the business that has not been done. i also appreciate the gentleman's focus on the fiscal cliff and indicating that we need to resolve that prior to leaving the 112th congress. i think those are both positive announcements. i applaud him for that. on the fiscal cliff, we discussed
to the fiscal cliff has been found. i thank the gentleman and yield back. mr. hoyer: i thank the gentleman for his comments. i thank him for the early notice on next friday. mr. speaker, the house is still not in order. the speaker pro tempore: the house will come to order. mr. hoyer: i thank the speaker. first, mr. leader, if i could, we have the ending next thursday, so -- i want to clarify pour members so that they know. we will not be in session next friday. is that accurate? mr. cantor:...
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Dec 4, 2012
12/12
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the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an absolute fact that there is no way to achee the kind of balance in a broad deficit reduction package, a balance that requires significant revenues without rates going up on top earners. you cannot achieve it through closing of loopholes or capping of deductions and you certainly can be the achieve it through the kind of vague proposal we've seen from republicans which contain no specificity whatsoever, not -- not a single deduction named or loophole identified to be closed. so rates have to go up. the president believes, and it's part of the proposal
the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter offer from the white house. instead, records indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. intent of reforming the tax code, the president wants to raise tax rates. even if the president got the tax rate hikes he wanted, understand we would continue to see trillion dollar deficit for a start -- far is that i can see. listed, washington has a problem spending, not the revenue problem. the president does not agree with our proposal. i believe is an obligation to families and small businesses to offer a plan of his own, a pla
when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter...
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Dec 4, 2012
12/12
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fiscal cliff negotiations. that meeting is goodlett for the afternoon, the president meeting with governors this morning. you can find all of that , ourage, including tweets website. also happening this morning and brought much of the day, a group calling themselves campaign to fix the dead is discussing health care costs and the tax code. we will take a short lead to a discussion on the tax code led by the chairman of the finance committee, max baucus of montana. in the meantime, from this morning, a group that heard from rob portman and the director of the economic council gene sperling. we will show you as much of their remarks as we can until the portion with senator baucus gets under way. >> actually, they just give my speech. i would like to grow and not slow the economy. that is part of the answer to this. we may disagree on how we do it, but we are not going to get the fiscal house in order without having additional revenue, and that comes from growth. we also need to restrain spending, we need to do bo
fiscal cliff negotiations. that meeting is goodlett for the afternoon, the president meeting with governors this morning. you can find all of that , ourage, including tweets website. also happening this morning and brought much of the day, a group calling themselves campaign to fix the dead is discussing health care costs and the tax code. we will take a short lead to a discussion on the tax code led by the chairman of the finance committee, max baucus of montana. in the meantime, from this...
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Nov 30, 2012
11/12
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that distinguishes us, particularly in this fiscal cliff debate, from the white house and from the senate which continue to talk in broad platitudes but have failed to lay out the difficult, difficult line by line explanation of what their proposal would be to solve these problems. we did that in our budget, mr. speaker, and it was hard. there's a reason the united states senate has not passed a budget, mr. speaker, in almost four years, and it's because it's hard. budget is a statement of your values. it's a statement of your values. we confiscate all of this money in tax revenue from the american people and then we redistribute it out to those priorities had a we have -- national security, kids, school lumplings and education. our criminal justice system to make sure families are safe in their homes. we distribute to those things that are important to us. so when you're running trillion-dollar deficits as we're running today and you have to put together a budget, you either have to tell the american people and the children and the grandchildren that you'll continue to run trillion-dolla
that distinguishes us, particularly in this fiscal cliff debate, from the white house and from the senate which continue to talk in broad platitudes but have failed to lay out the difficult, difficult line by line explanation of what their proposal would be to solve these problems. we did that in our budget, mr. speaker, and it was hard. there's a reason the united states senate has not passed a budget, mr. speaker, in almost four years, and it's because it's hard. budget is a statement of your...